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HERE’S WHY NO INCREASE IN THE B of C INTEREST RATE

October 30th, 2019

Bank of Canada Interest Rate Announcement  - October 30, 2019

 

The Bank of Canada held its overnight rate at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that ongoing trade conflicts have weakened the global economic outlook, which is expected to drag Canadian economic growth below its potential in the second half of this year. The bank is further p ...

B of C RATE LIKELY UNCHANGED... FOR NOW

August 30th, 2019


Canadian Real GDP Growth (Q2'2019),
 August 30 2019
 
   

 

The Canadian economy rebounded in the second quarter, surging at an annual rate of 3.7 per cent. That follows two quarters of lackluster sub-1 per cent real GDP growth.  Growth was primarily led by a recovery in export volumes which masked underlying weakness in domestic demand, which actually declined as household spending slowed and bu ...

FALL BANK RATE RISE UNLIKELY

July 17th, 2019
BCREA ECONOMICS NOW

Canadian Inflation - July 17, 2019

Canadian inflation, as measured by the Consumer Price Index (CPI), rose by 2 per cent compared to the same time last year, a deceleration from 2.4 per cent in the prior month. Excluding the impact of lower energy prices, the CPI was up 2.6 per cent year-over-year. The Bank of Canada's three measures of trend inflation were also up in June, ...

WHY THE BoC INTEREST RATE REMAINS UNCHANGED

July 10th, 2019
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Decision - July 10, 2019

The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision the Bank noted that although ongoing global trade tensions are having a negative effect on the global economy, economic growth in Canada is improving. A decline in mortgage rates is ...

WHY INTEREST RATES WILL STAY UNCHANGED

May 29th, 2019
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - May 29, 2019

The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that the slowdown over the past two quarters was temporary and growth should pick up beginning in the second quarter of 2019. On inflation, the Bank expects that ...

BANK RATE UNCHANGED

April 24th, 2019
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - April 24, 2019

The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that ongoing uncertainty related to global trade conflicts is undermining business sentiment and contributing to a slowdown in growth across many countries. Tha ...

Fall In Mortgage Rate On The Horizon?

February 27th, 2019
Canadian Inflation - February 27, 2019

Canadian inflation, as measured by the Consumer Price Index (CPI), registered only 1.4 per cent in the twelve months to January. That was a significant drop from 2 per cent in December due to a 7 per cent decline in energy costs.  Excluding the impact of falling gasoline prices, consumer prices were up 2.1 per cent. The Bank of Canada's three measures of ...

LOWER MORTGAGE RATES EXPECTED, BUOYING REAL ESTATE MARKET

January 18th, 2019
BCREA ECONOMICS NOW

Canadian Inflation - January 18, 2019

Canadian inflation, as measured by the Consumer Price Index (CPI), registered 2 per cent in the twelve months to December, a slight uptick from 1.7 per cent in November. Lower energy prices were offset by an increase in air transportation, and telephone services.  Excluding the impact of falling gasoline prices, consumer prices were up 2 ...

MORTGAGE RATES RELATIVELY STEADY IN 2019

December 13th, 2018

BANK OF CANADA RATE UP

October 24th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - October 24, 2018

The Bank of Canada raised its target for the overnight rate by 25 basis points to 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy is expected to average growth of 2 per cent over the second half of 2018 before slowing to 1.9 per cent next year.  The r ...
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